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20121101
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Search Results 0 to 15 of about 16 (some duplicates have been removed)
can do if the u.s. heads into recession because of the fiscal cliff, bernanke says, not much. >> in the worse case scenario, where the economy goes off the broad fiscal cliff, the largest fiscal cliff, which, according the c.b.o. and our analys, would send the u.s. economy into recession, i don't think the fed has the tools to offset that. >> susie: members of the audience agreed. >> he was very frank in saying, you know, "we can try," he essentially said, "we will try, but we don't have anything in our arsenal that comes close." >> susie: bernanke is already using the weapons in his arsenal to fix the job market, which he said today is still "unhealthy". he also repeated the fed's plan to keep interest rates super low at least into 2015. >> we will want to be sure that the recovery is established before we begin to normalize policy. we hope that such assurances will reduce uncertainty and increase confidence among households and businesses. >> susie: but bernanke gave no hints on when americans can expect to see higher rates. >> the further we go down the road, the question
business. >> reporter: it used to be consumers would buy private label products to clean their bathrooms or wash their clothes. lately, however, they're eating them, too. from sodas to peanut butter, private label brands are shaking off the yuck! stigma and attracting value-conscious customers. and it's the popularity of private label food that's behind the tasty conagra-ralcorp deal. >> private label, otherwise known as store brands, is gaining traction with retailers and shoppers. in fact, store brands have been growing faster than branded food for some time, and we expect that to continue. >> reporter: it might be hard to believe, but store brands now account for about a fifth of all packaged foods sold in the u.s., and at 70 $billion, we're talking big business. conagra is known for name brands like pam, slim jim, and reddi whip, and it also makes some private label goods. ralcorp is the top manufacturer of growing store brand categories such as cereal and pasta, and it supplies companies like walmart and mcdonald's. together, conagra and ralcorp could become a private label powerhou
: this is the calm before the storm at a chicago toys r us. manager danny soro thinks up to 10,000 shoppers will descend on the store when it opens thanksgiving evening, forcing his 300 employees to cut short their holiday. >> we open at 8:00 and we're expecting lines to start from 5 pm to go pretty much throughout the plaza. >> reporter: walmart, kmart, and sears are also opening tomorrow at 8pm; target's opening at 9:00pm. and while opening on turkey day is expected to mean big business for retailers, it's ruffling the feathers of many employees who won't get paid overtime to work the holiday. >> i feel very frustrated about this situation. >> reporter: walmart associate charmaine givens is scheduled to work two eight hour shifts with a three hour break starting tomorrow at 7 pm. >> i'm not gonna do that, no. >> reporter: you're just not going to show up? >> i'm going to call in. i'm gonna call in. i'm not going to just abandon the job. i'm gonna call in and i'm gonna state how i feel. >> reporter: givens hopes to join other walmart emploes around the country in a protest outside the chai
that gets us to a larger deal next year, you don't think that will rep ardize the economy? >> i think if we can do as little as possible, they will already raise some tax. the payroll tax holiday may very well go away. so no more. i think the economy can get through that be, it's not good news but it's not the end of the world and then you need a deal in the spring. >> dow agree with that? >> well, i think that we will see slowing, yachlt i mean that will be a drag on the economy but the story of the recession going over the fiscal cliff is one where those tax increases and spending cuts stay in place through the year. >> just very quick prediction. do you think they'll come up with a package and how big will it be, 2 trillion, three and a half, 3 trillion. >> i don't think-- i think they'll separate the issues. i think we'll have something done on getting over this fiscal cliff and then they'll talk about a package. >> i think they will not go over the fiscal cliff, probability .7, not one. and they will sketch out a framework for dealing with spring. it is too much work. >> i thought we w
Search Results 0 to 15 of about 16 (some duplicates have been removed)